Hello all,
We went outside the triangle before the end of this one and before to reach the APEX (the 2 lines intersection) :
So the break out has been a DOWN break out. Once again you see now why I said you to be very careful with this kind of move. I read many traders saying that this break out will be for sure an UP break out and see now the result, if people listen them, they lost lot of money :(
No one is never sure of what the market will do. Technical analysis is just an indicator but it is never 100% sure. If it was so easy, I won't need anymore to trade... I would enjoy my cocktails at the beach hehe
I hope that some of my followers didn't lost any money in that trade. If you followed my advices, you have been profitable. For me, it was the case and it was a low risk trade.
I will explain you how I did this trade to share with you my experience :
I put an alarm price on the price of the upper line and the price of the bottom line (just 1$ before the line to be correct).
When we approached to the bottom line, I received the alarm and start to look more to the chart
I put a sell market order to be executed as soon as we broke the line ( it has been executed at 351$)
As soon as I saw the price of my order, I put a buy limit order at 336$. This order has been executed 10 minutes after the start of the break out. Why 336$? Because it was around a 5% drop which is an easy target for this kind of break out.
It is all, it was a low risk trade and it provided a nice 5% return in only 10 minutes.
Take care all,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to loose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BITCOIN CASH - Nous avons cassé le triangle - Encore un trade gagnant
